Bitcoin Forum

Bitcoin => Armory => Topic started by: solitude on November 09, 2014, 02:02:10 AM



Title: What if...
Post by: solitude on November 09, 2014, 02:02:10 AM
What if my cold storage laptop dies or gets stolen?  How do I spend my bitcoins?

Is the only way to make a fresh install using my paper wallet?


Title: Re: What if...
Post by: solitude on November 09, 2014, 02:18:09 AM
As long as I have two lines of four letter "words" backed up somewhere, I'll always have access to my bitcoins?
https://i.imgur.com/DLM98vN.jpg


Title: Re: What if...
Post by: vm89 on November 09, 2014, 02:20:23 AM
What if my cold storage laptop dies or gets stolen?  How do I spend my bitcoins?

Is the only way to make a fresh install using my paper wallet?

I think paper wallet would work better than a cold storage laptop.
Just don't throw your jacket in the washing machine without checking if there's a piece of paper inside!


Title: Re: What if...
Post by: solitude on November 09, 2014, 02:22:31 AM
What if my cold storage laptop dies or gets stolen?  How do I spend my bitcoins?

Is the only way to make a fresh install using my paper wallet?

I think paper wallet would work better than a cold storage laptop.
Just don't throw your jacket in the washing machine without checking if there's a piece of paper inside!

That's also what I have.  From what I've read, you'd me a moron to not have a paper wallet backup WITH a cold storage laptop


Title: Re: What if...
Post by: solitude on November 09, 2014, 02:24:45 AM
I'm trying to think where in my house I should store my paper backup


Title: Re: What if...
Post by: vm89 on November 09, 2014, 02:25:50 AM
I'm trying to think where in my house I should store my paper backup

Under your pillow?


Title: Re: What if...
Post by: solitude on November 09, 2014, 02:32:43 AM
I think I can get used to being my own bank.  Sure beats trusting Chaim Goldsteinberg with my money.


Title: Re: What if...
Post by: doug_armory on November 09, 2014, 07:32:24 PM
I'm trying to think where in my house I should store my paper backup

You can do an m-of-n paper wallet and split the pieces across multiple locations (e.g., two at home, one in a safety deposit box, one with Mom, one with a trusted friend, etc.).